Talk:TechnipFMC

Suggested content

On August 26, 2019, the company announced plans to separate its construction and engineering operations from technology-focused supply to oil and gas companies, creating two independent publicly traded companies, RemainCo and SpinCo, the spin-off is estimated to be completed by the first half of 2020.

sources:

https://www.bizjournals.com/houston/news/2019/08/26/technipfmc-to-split-into-2-companies-just-3-years.html https://www.businesswire.com/news/home/20190826005479/en/TechnipFMC-Intends-Create-Industry-Leading-Independent-Publicly-Traded https://www.reuters.com/article/us-technipfmc-divestiture/oil-services-firm-technipfmc-to-split-into-two-publicly-traded-companies-idUSKCN1VG1SD https://www.houstonchronicle.com/business/energy/article/Lion-s-share-of-TechnipFMC-split-expected-to-14380229.php HR2023 (talk) 17:05, 5 September 2019 (UTC)

Suggested edit

• Specific text to be removed in first paragraph: crude oil refinery, petrochemical plants such as Ethylene, Hydrogen, SynGas plants, Naptha, Benzene etc. plastics & rubber industry, fertiliser plant, onshore as well as floating LNG plants
• Reason for the change: these businesses/offerings went to Technip Energies when it was spun off from TechnipFMC in 2021
• References supporting change: https://www.upstreamonline.com/energy-transition/spin-off-complete-technipfmc-and-technip-energies-become-two-separate-entities/2-1-963378

https://www.technipfmc.com/en/investors/presentations/technip-energies-spin-off/ 108.87.95.88 (talk) 19:43, 20 March 2023 (UTC)

 Done - Also updated the history about the spinoff completion. Ddjanna (talk) 09:53, 16 June 2023 (UTC)

Right bar suggested edits

• Specific text to be removed: CAC40, Euronext from Traded As
• Reason for the change: TechnipFMC delisted from Euronext
• References supporting change: https://www.bloomberg.com/press-releases/2022-01-10/technipfmc-announces-voluntary-delisting-from-euronext-paris-ky96osn6

https://www.technipfmc.com/en/investors/presentations/delisting-from-euronext-paris/ 108.87.95.88 (talk) 19:44, 20 March 2023 (UTC)

 Done PK650 (talk) 23:58, 22 March 2023 (UTC)

Right side bar suggested edits

• Specific text to be added: Newcastle Upon Tyne, United Kingdom
• Reason for the change: TechnipFMC relocated their registered headquarters in 2022
• References supporting change: https://www.technipfmc.com/en/about-us/ at bottom of page

108.87.95.88 (talk) 19:46, 20 March 2023 (UTC)

 Done Sneezless (talk) (contribs) 20:19, 3 June 2023 (UTC)

Suggested right side bar changes

• Specific text to be removed: remove "onshore" from products
• Reason for the change: The onshore business moved to Technip Energies when it was spun off from TechnipFMC in 2021
• References supporting change: https://www.upstreamonline.com/energy-transition/spin-off-complete-technipfmc-and-technip-energies-become-two-separate-entities/2-1-963378

108.87.95.88 (talk) 19:47, 20 March 2023 (UTC)

 Done Ddjanna (talk) 09:56, 16 June 2023 (UTC)

Suggested right side bar changes

• Specific text to be edited: change number of employees from 37,000 to 20,000
• Reason for the change: employee count is from before Technip Energies was spun off from TechnipFMC in 2021
• References supporting change: https://www.technipfmc.com/en/about-us/

108.87.95.88 (talk) 19:49, 20 March 2023 (UTC)

 Done Although this is a primary source, we have no reason not to believe its accuracy. Plus the prior number had no citation at all. Ddjanna (talk) 09:59, 16 June 2023 (UTC)

Right side bar changes

• Specific text to be edited: update Revenue to $6.7 billion (2022); update Operating Income to $219.6 million (2022); update Net Income to $(61.9 million) (2022, loss)
• Reason for the change: TechnipFMC recently post Q4/full year 2022 earnings with new numbers for the above categories
• References supporting change: https://www.technipfmc.com/en/investors/financial-news-releases/press-release/technipfmc-announces-fourth-quarter-2022-results/

First two numbers listed on page 25 of pdf (operating income taken from Operating profit (loss), as reported (pre-tax)): https://www.technipfmc.com/media/lrhl3pbx/technipfmc-2022-12-31-8k-er-exhibit-final-2-23-22.pdf

Net income comes from page 14, line Income (loss) from continuing operations attributable to TechnipFMC plc on same pdf as linked above; excludes line Income (loss) from discontinued operations since that is significantly driven by spin off of Technip Energies 108.87.95.88 (talk) 20:09, 20 March 2023 (UTC)

 Done Ddjanna (talk) 10:05, 16 June 2023 (UTC)

Suggested edit to first paragraph

• Specific text to be removed: remove last sentence of first paragraph "The French government owns a 4 percent stake in the company."
• Reason for the change: BPIFrance divested fully from TechnipFMC
• References supporting change: https://fintel.io/so/us/fti/bpifrance

108.87.95.88 (talk) 20:29, 20 March 2023 (UTC)

• Done, looks reasonable. —Ganesha811 (talk) 20:26, 3 June 2023 (UTC)